REFILE-Biggest Gulf hedge fund launch for 5 years eyes ethical bets

April 9, 2015 12:50 PM

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LONDON, April 9 (Reuters) - The co-founder of privately-owned Kuwaiti oil firm Zahra Group is set to launch a new $100 million global equities hedge fund targeting ethical investments, the biggest Gulf launch for five years.

The fund will invest using the principles of Islamic law, although trades will not be signed off by a cleric.